Fiat Currency, From Wallet to Museum: Accelerating the Inevitable in the Name of Homeland Security

Abstract

This research examined what influence large-denomination currency has on the financial networks of terror and criminal groups. This thesis analyzed how the removal of the $50 and $100 bills would affect these illicit groups. A historical review identified the use and effectiveness of large-denomination currency in the context of social acceptance and its place in the modern global financial payment system. This thesis employed a comparative policy analysis to examine alternatives to cash as an effort to combat the illicit world of finance. Recommendations include that the U.S. government reevaluate its obligation with respect to large-denomination circulating currencies, and develop alternate financial frameworks that incorporate the restriction or discontinuation of the $50 and $100 notes.

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Document Details

Document Type
Technical Report
Publication Date
Jun 01, 2019
Accession Number
AD1080458

Entities

People

  • Michael J. Swangler

Organizations

  • Naval Postgraduate School

Tags

Communities of Interest

  • Biomedical
  • Cyber
  • Energy and Power Technologies
  • Weapons Technologies

DTIC Thesaurus Topics

  • Commerce
  • Congress
  • Criminals
  • Department Of Homeland Security
  • European Union
  • Finance
  • Governments
  • Homeland Security
  • Intelligence Community (United States)
  • Law
  • Money
  • National Security
  • Security
  • Social Sciences
  • Societies
  • United States
  • United States Government

Readers

  • Government and Public Administration Law.
  • Political Violence and Terrorism Studies.
  • Systems Analysis and Design